The Women-Led Impact Investor Challenge is a value-packed program, empowering purpose-driven founders to prepare their impact business for investment from like-minded, supportive impact investors. Spring has thoughtfully designed a two-stage program that addresses the unique challenges women founders face as they raise funds.
Top founders will be selected for a cohort to dig into an Investment Readiness Catalyst, receiving bespoke financial and legal support. Then, they will be joined by a cohort of impact investors for the Impact Investor Challenge, creating invaluable lifelong connections in a collaborative, mutually supportive environment.
Together, the founders and investors will learn about impact measurement, due diligence and more in practice while building relationships. Selected founders will be invited to continue to the next stages in the Challenge, culminating in a pitch finale where one company takes home a pooled cohort investment of up to $100K.
While we have a founder application deadline of February 23rd in place, we will be evaluating applications as they come in, so don’t hesitate to get yours in asap!
What You Can Expect
Through the Women-Led Impact Investor Challenge, you can expect to:
Have the opportunity to be chosen for up to $100K in dilutive funding
Join a supportive, like-minded community of impactful founders & investors
Get invaluable analysis and insights on your due diligence materials & investment memo, which support you within the program and beyond.
Pitch in a safe environment without the bias & BS (and learn how to manage it in other pitches)
Participate online from wherever you are – no relocation required
Get access to our Spring Perks Platform, with access to over $1M in discounts on must-have services like Google Workspace, Hubspot, Slack, accounting support and more.
AMA with Last Year’s Winner
ask Me anything
Roya Aghighi of Lite-1 and Program Manager Neema Rimber dig into what it’s like to be part of the challenge and how the benefits continue well beyond the program itself.
Eligibility for this Challenge
We define “women-led” as any or all of the following:
A woman or non-binary person with significant ownership of the business – ideally 50% or more, with a minimum 33% ownership.
A woman or non-binary person holds the title of CEO, CTO or COO
A woman or non-binary person conducts a majority of the fundraising activities for the company.
Women and non-binary people from BIPOC communities will be prioritized.
Your company must be solving a social or environmental issue and contributing to one or more of the UN Sustainable Development Goals. All sectors are welcome, with the following being prioritized:
Responsible Consumption & Production
Health & Well-Being
You are seeking pre-seed to seed fund and are an incorporated Canadian company that is a private issuer according to Canadian securities laws.
What Founders Like You Have to Say
How can the Spring and the Impact Investor Challenge help your company? Some of our IIC winners share their experiences as impact founders and Spring alum, including Dr. Karolina Valente of VoxCell BioInnovation who walked away with $293K from the 2022 Women-Led IIC.
We kick things off with investment readiness training and hands-on preparation (hello legal support!) before bringing the investors into the program. Here’s how it breaks down:
Stage 1 – Founder Investment Readiness Catalyst– March 5 to March 19, 2024 (3 weekly sessions)
Learning break to refine materials with legal and financial support from Ink LLP.
Stage 2 – Impact Investor Challenge
Founders meet Investor Cohort – April 9, 2024
Founders Pitch to Investor Cohort – April 23 & 30, 2024
Top 5 Founders Selected for Due Diligence – April 30, 2024
Weekly Learning & Due Diligence – May 7 to June 4, 2024 (5 weekly sessions)
Top 5 Founders Pitch at Finale & Winner is Announced – June 11, 2024
WOmen-LedIIC at a glance
Here’s the program timeline and how you’ll collaborate with impact investors.